THG (LON:THG) Stock Falls 1.3% – Here’s What Happened

THG Plc (LON:THG)’s share price traded down 1.3% during mid-day trading on Thursday. The company traded as low as GBX 39.98 and last traded at GBX 39.98. 5,958,474 shares changed hands during trading, a decline of 52% from the average session volume of 12,514,535 shares. The stock had previously closed at GBX 40.50.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 60 price objective on shares of THG in a research note on Thursday, October 15th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of GBX 57.50.

THG Price Performance

The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 145.47. The stock’s 50 day moving average price is GBX 31.88 and its two-hundred day moving average price is GBX 32.70. The firm has a market capitalization of £629.66 million, a price-to-earnings ratio of -7.94, a P/E/G ratio of -0.08 and a beta of 2.49.

THG (LON:THG) last announced its quarterly earnings results on Thursday, September 10th. The company reported GBX (3) EPS for the quarter. THG had a negative net margin of 3.73% and a negative return on equity of 16.03%. Analysts anticipate that THG Plc will post -6.72 EPS for the current fiscal year.

THG Company Profile

THG (www.thg.com) is a global innovator revolutionising how brands connect to a worldwide consumer base. We are transforming how consumer brands go to market in the digital age.

We have built a portfolio of leading digital beauty, health, wellness, and sports nutrition brands that are capitalising on the global growth opportunities, supported by the accelerating consumer shift to the e-commerce channel.

THG is home to three key divisions: Beauty, Nutrition, and Ingenuity. All brands, whether in-house or third parties are powered by our complete commerce division Ingenuity, which is a flexible and scalable offering formed of a combination of complex e-commerce technologies, physical assets, infrastructure, and brand building capabilities.

THG Beauty is home to leading online pure-play retailers for prestige beauty products and brings together global online multi-brand retail subscription boxes, owned prestige brands along with production and innovation.